Spread before costs (cost unknown: a leg has no order-book sample)0.000%
7d average—if it closes, per $10,000$0funding while held, a day+$1.02
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff BRENTOIL-PERP | 96.250 | 0.0016 | pay 0.0002% / 1h | 37m 15s | $33K | — | 20x |
| Short | Polymarket Perps BRENTOIL-USD | 96.250 | 0.0050 | get 0.0006% / 1h | 37m 15s | $1.6M | $566K | 20x |
Hotstuff BRENTOIL-PERP
Polymarket Perps BRENTOIL-USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $0
- Funding while held
- $1.02
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$11.98
- Spread needed to break even
- 0.130%
Slippage unknown: Hotstuff: no order-book sample; Polymarket Perps: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0034%
- Per $10,000 a day
- +$1.02
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hotstuff no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 3 min ago | 2.76 bp | 6.8 bp −$7 | 7.2 bp −$72 | 23.1 bp −$2,306 | doesn't fit |
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
BZ price on every exchange
against the cheapest. Click to use as the short leg.Injective86.539cheapest
edgeX95.975+10.903%Variational Omni95.976+10.905%HTX96.170+11.129%Aftermath Perps96.171+11.131%Ondo Perps96.180+11.141%Gate96.190+11.152%RISEx96.207+11.172%Paradex96.213+11.179%Aster96.215+11.181%GMX96.215+11.181%ApeX Omni96.220+11.187%BloFin96.220+11.187%OKX96.230+11.198%Kraken Futures96.234+11.204%Bybit96.240+11.210%
Injective
Variational Omni
HTX
Ondo Perps
Gate
RISEx
Paradex
Aster
GMX
ApeX Omni
BloFin
OKX
Kraken Futures
BybitHotstuff96.250+11.222%
Bitget96.250+11.222%
BitgetPolymarket Perps96.250+11.222%
SunX96.250+11.222%tradeXYZ96.253+11.225%Lighter96.260+11.233%Binance96.260+11.233%Deribit96.260+11.233%KuCoin96.270+11.245%Extended96.276+11.252%Coinbase International96.310+11.291%Phemex96.790+11.846%gTrade (Gains Network)96.957+12.039%Vest99.970+15.520%
SunX
tradeXYZ
Lighter
Binance
Deribit
KuCoin
Extended
Coinbase International
Phemex
gTrade (Gains Network)
VestBZ on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective BRENT/USDC PERP | −10.089% | −0.0220% | 1h | $13K | $97 | 30x | as long as short |
| edgeX BZUSDC | −0.286% | −0.0003% | 4h | $219K | $235K | 20x | as long as short |
| Variational Omni BZ | −0.285% | 0.0000% | 4h | $9.6M | $12.1M | — | as long as short |
| HTX BRENTOIL-USDT | −0.083% | 0.0000% | 4h | $286K | $123K | 75x | as long as short |
| Aftermath Perps BRENTUSD | −0.082% | −0.0008% | 1h | $7K | $50K | 5x | as long as short |
| Ondo Perps BRENT-USD.P | −0.073% | +0.0026% | 1h | $3.0M | $906K | 15x | as long as short |
| Gate BZ_USDT | −0.062% | 0.0000% | 8h | $9.2M | $17.4M | 100x | as long as short |
| RISEx BZ/USDC | −0.044% | −0.0048% | 1h | $2.2M | $572K | 20x | as long as short |
| Paradex BZ-USD-PERP | −0.038% | +0.0044% | 8h | $3K | $282 | 5x | as long as short |
| Aster BZUSDT | −0.037% | 0.0000% | 4h | $338K | $1.6M | 50x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX BRENTOIL/USD [ETH-USDC] | −0.036% | L +0.0040% / S +0.0054% | 1h | $43K | — | 111x | as long as short |
| ApeX Omni BZUSDT | −0.031% | +0.0100% | 1h | $25K | $271K | 50x | as long as short |
| BloFin BZ-USDT | −0.031% | +0.0056% | 4h | $1.6M | $73K | 50x | as long as short |
| OKX BZ-USDT-SWAP | −0.021% | 0.0000% | 4h | $16.3M | $30.1M | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | −0.016% | +0.0066% | 1h | $82K | $367K | 20x | as long as short |
| Bybit BZUSDT | −0.010% | 0.0000% | 8h | $10.8M | $14.9M | 100x | as long as short |
| Hotstuff BRENTOIL-PERPlong | 0.000% | +0.0016% | 1h | $33K | — | 20x | |
| Bitget BZUSDT | 0.000% | 0.0000% | 4h | $28.5M | $19.9M | 100x | as long as short |
| Polymarket Perps BRENTOIL-USDshort | 0.000% | +0.0050% | 1h | $1.6M | $566K | 20x | |
| SunX BRENTOIL-USDT | 0.000% | 0.0000% | 4h | $4K | $2.6M | 20x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.003% | +0.0050% | 1h | $138.6M | $117.7M | 20x | as long as short |
| Lighter BRENTOIL | +0.010% | +0.0032% | 1h | $3.2M | $3.8M | 20x | as long as short |
| Binance BZUSDT | +0.010% | −0.0003% | 4h | $147.4M | $418.2M | 100x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | +0.010% | −0.0062% | 1h | $103K | $256K | 15x | as long as short |
| KuCoin BZUSDTM | +0.021% | +0.0100% | 4h | $3.8M | $888K | 50x | as long as short |
| Extended XBR-USD | +0.027% | +0.0032% | 1h | $685K | $5.0M | 10x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | +0.062% | −0.0048% | 1h | $259K | $667K | 15x | as long as short |
| Phemex XBRUSDT | +0.561% | +0.0869% | 4h | $1.2M | $91K | 100x | as long as short |
| gTrade (Gains Network) BRENT/USD | +0.735% | L +0.0011% / S −0.0011% | 1h | — | — | — | as long as short |
| Vest BZ-PERP | +3.865% | −0.0098% | 1h | — | $187K | 10x | as long as short |